Soma Gold (TSX-V:SOMA) is conducting several M&A discussions over the next two months, amid recommissioning El Limon in Colombia.
CEO Geoffrey Hampson tells Mining.com.au that El Limon has been on care and maintenance since 2020 but is available to be restarted when production from the Codero Mine exceeds the capacity of the El Bagre Mill. El Bagre processed 450 tonnes per day when running at full capacity and is permitted up to 1,000 tonnes per day.
Speaking to this news service, Hampson says the recommissioning of the mill will add 40% additional tons of capacity with no major capital cost.
“In September 2025, the permitting of the Nechi Mine, which will add 20 to 25,000 ounces per year of production, will take place,” Hampson says.
Hampson notes that during Q4 2025, the installation of ore sorting equipment will be conducted.
“That will increase the average head grade substantially,” he tells Mining.com.au.
In parallel with M&A discussions and El Limon’s restart, Soma Gold is starting a new NI 43-101 Technical Report and resource estimate. As reported, the company will increase results from an upcoming drilling program into the mineral resource and technical report.
The underground Nechi Project, located 250km from Medellín, Colombia, comprises three deposits which are hosted in diorite to granodiorite rocks of the Sagovia Batholith.
Test mining has been performed at the El Catorce and Santa Elena deposits, with underground sampling along the levels and in raises driven up the dip of the veins. Material from the test mining was processed at the El Bagre Mill.
The Nechi deposits have potential to increase the throughput and extend the life of the El Bagre Gold Mining Complex.
Soma Gold is a precious metals producer and explorer that owns over 43km2 of mineral concessions and two fully permitted mills located within 25km of each other, with a combined mining capacity of 675 tonnes per day.
Write to Aaliyah Rogan at Mining.com.au
Images: Soma Gold Corp
